Investors Sell TransDigm Group Inc. (TDG) on Strength (TDG)
Traders sold shares of TransDigm Group Inc. (NYSE:TDG) on strength during trading hours on Monday. $19.55 million flowed into the stock on the tick-up and $42.07 million flowed out of the stock on the tick-down, for a money net flow of $22.52 million out of the stock. Of all equities tracked, TransDigm Group had the 0th highest net out-flow for the day. TransDigm Group traded up $0.49 for the day and closed at $271.94
A number of research analysts have recently weighed in on TDG shares. Canaccord Genuity restated a “buy” rating and set a $280.00 price objective on shares of TransDigm Group in a research report on Tuesday, June 21st. KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Royal Bank Of Canada raised their price objective on TransDigm Group from $253.00 to $271.00 and gave the company an “outperform” rating in a research report on Wednesday, May 11th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “strong-buy” rating and set a $286.00 price objective for the company in a research report on Monday, May 16th. Finally, Morgan Stanley started coverage on TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price objective for the company. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $263.00.
The stock has a market capitalization of $14.41 billion and a price-to-earnings ratio of 31.30. The stock has a 50 day moving average of $263.70 and a 200 day moving average of $234.48.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 10th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.28. The company had revenue of $796.80 million for the quarter, compared to analyst estimates of $777.11 million. During the same quarter last year, the company earned $2.11 EPS. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, analysts forecast that TransDigm Group Inc. will post $11.22 EPS for the current year.
In related news, EVP Bernt G. Iversen II sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $262.55, for a total transaction of $2,625,500.00. Following the completion of the transaction, the executive vice president now owns 15,010 shares in the company, valued at approximately $3,940,875.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory Rufus sold 3,345 shares of the company’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $230.00, for a total transaction of $769,350.00. Following the transaction, the vice president now owns 15,345 shares of the company’s stock, valued at approximately $3,529,350. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in TransDigm Group by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 3,546,621 shares of the company’s stock valued at $810,227,000 after buying an additional 115,687 shares during the period. Principal Financial Group Inc. boosted its stake in shares of TransDigm Group by 43.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,431,385 shares of the company’s stock valued at $327,000,000 after buying an additional 430,752 shares in the last quarter. Altarock Partners LLC boosted its stake in shares of TransDigm Group by 12.2% in the fourth quarter. Altarock Partners LLC now owns 695,243 shares of the company’s stock valued at $158,828,000 after buying an additional 75,380 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of TransDigm Group by 106.1% in the fourth quarter. Wells Fargo & Company MN now owns 139,013 shares of the company’s stock valued at $31,758,000 after buying an additional 71,571 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of TransDigm Group by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 124,000 shares of the company’s stock valued at $28,328,000 after buying an additional 1,800 shares in the last quarter.
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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